3664 N Us Highway 31 S, Traverse City, MI 49684

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APN: 05-016-016-30

3664 N Us Highway 31 S, Traverse City, MI 49684

Lot

Land Use
Shopping Center
Lot Area (SF)
Lot Area (Acres)
Zoning
Frontage
Depth

Building

Year Built
Year Renovated
Stories
Number of Buildings
Existing Floor Area Ratio
Commercial Units
Residential Units
Total Units
Building Area
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Reported Ownership

Reported Owner
Mailing Address

Contact Information

Phone Number
Email Address
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Recorded Sales

Date Sales Price Buyer Seller Sales Doc # Multi-Property Sale
2014-08-25
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Mortgage Records

Date Lender(s) Amount Doc # Maturity Date Crossed-Debt Parcels
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Tax Data

2017
Total Assessed Value
Assessed Land Value
Assessed Improvement Value
Total Market Value
Land Market Value
Improvements Market Value
Tax Amount
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Popular searches around Traverse City

Reonomy operates the most comprehensive database for Traverse City Commercial Real Estate and other commercial real estate assets across the U.S. Reonomy includes over 47 million commercial real estate properties, each property features sales, debt, tax and ownership data. Reonomy attracts a large community of Traverse City commercial real estate professionals. Members from Traverse City include brokers, investors and service providers, many of whom specialize in Traverse City Commercial Real Estate.

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Traverse City commercial real estate sold prices and values

The average assessed value of commercial real estate properties in Traverse City is $264,762. Commercial real estate sale prices in Traverse City have a median of $78,000. The last 24 months of sales history has seen 21 sales, with 0 sales greater than $250,000, 0 sales valued at over $1,000,000, and 0 sales valued at over $10,000,000.

Values and sold prices (last 24 months) United States Michigan Traverse City
Average price/sqft $1,330 $123 --
Median price/sqft $117 $50 --
Average sold price $1,135,318 $245,356 $109,142
Median sold price $196,105 $94,153 $78,000
Number of sales 3,869,903 63,633 21
Number of sales over $250k 1,636,202 16,376 --
Number of sales over $1m 384,130 1,889 --
Number of sales over $10m 55,628 65 --
Average total tax amount $5,974 $5,758 $6,233
Average assessed value $307,763 $143,206 $264,762
Average market value $389,458 $285,839 $528,029

Traverse City commercial real estate property averages

The average lot size of commercial real estate properties in Traverse City is 50,621 sf. This is 48% above the Michigan average.

Property averages United States Michigan Traverse City
Average lot size 818,509 sf 1,076,067 sf 299,914 sf
Median lot size 24,527 sf 30,848 sf 50,621 sf
Average building area 1,113 sf 134 sf 75 sf
Median building area 75 sf 29 sf 22 sf
Median year built 1970 1960 1988
Average number of units 16 14 18
Median number of units 2 2 4

Traverse City commercial real estate total supply

There are 8,823 commercial real estate properties in Traverse City. This is 197% below the Michigan average. The total acerage is 33,427 acres and the aggregate building area for commercial real estate properties in Traverse City is 179,848 sf.

Supply United States Michigan Traverse City
Number of parcels 57,794,383 1,430,360 8,823
Aggregate lot acerage 971,055,037 36,722,956 33,427
Aggregate building area 7,965,114,869 sf 11,762,965 sf 179,848 sf
Aggregate units 87,826,320 679,869 9,784

Traverse City commercial real estate industrial mortgages

There are 16 mortgages for commercial real estate properties across Traverse City in the Reonomy database. The average value of those mortgages is $171,697. This is 197% below the Michigan average.

Debt United States Michigan Traverse City
Number of mortgages 40,595,359 450,591 16
Average value of mortgages $5,215,187 $22,957,395 $171,697

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